FOR SALE
$220,000

401/370 St Kilda Road
Melbourne VIC 3004

Bedrooms: -
Bathrooms: -
Car spaces: 1
Floor area: 45m2
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Attention Investors and Owner-Occupiers

Phone enquiries - please quote property ID 33280.
An exceptional opportunity awaits with this versatile property, perfectly suited for both investors and those seeking their own business space. Situated on the 4th floor of the esteemed Royal Domain Corporate building, this office enjoys a prime location opposite the Shrine of Remembrance. Its proximity to the Melbourne CBD, coupled with easy access to the upcoming Melbourne Metro Rail Tunnel - Domain station via a short walk or tram ride, enhances its appeal.
Comprising 45 sqm of space, it features an open plan office, complemented by communal tea and coffee facilities, bathrooms, a rooftop boardroom, top-notch security, and an onsite building manager.
There is an option to purchase a separate car space on its own title for an additional $70,000.
Whether you're looking to buy for investment or for your superfund, this building offers an excellent environment to thrive. It's centrally located, position, position, position. Currently tenanted for 3 years lease with 3 years option. The lease started on 1st May 2024. The starting rent is $19,200 per annum. Rent is increased by CPI annually. Don't miss out on the chance to make this prime property yours.
Please contact the owner for more details.
DISCLAIMER No Agent Business (www.noagentbusiness.com.au) is an Australian For Sale By Owner website operating since 1999. We proudly assist commercial property owners who are looking to sell or lease their own commercial property without paying any real estate commission. While every care has been taken to verify the accuracy of the details in this advertisement, the correctness cannot be guaranteed.

Property Details for 401/370 St Kilda Rd, Melbourne

Building Type
Commercial
Floor Size
45m2

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About Melbourne 3004

The size of Melbourne is approximately 3.8 square kilometres. It has 14 parks covering nearly 74.2% of total area. The population of Melbourne in 2011 was 28,370 people. By 2016 the population was 47,293 showing a population growth of 66.7% in the area during that time. The predominant age group in Melbourne is 20-29 years. Households in Melbourne are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Melbourne work in a professional occupation. In 2011, 34.7% of the homes in Melbourne were owner-occupied compared with 29% in 2016.

Melbourne has 13,570 properties. Over the last 5 years, Houses in Melbourne have seen a 64.85% increase in median value, while Units have seen a -7.33% decrease. As at 30 November 2024:

  • The median value for Houses in Melbourne is $1,999,879 while the median value for Units is $648,017.
  • Houses have a median rent of $600 while Units have a median rent of $630.
There are currently 88 properties listed for sale, and 50 properties listed for rent in Melbourne on OnTheHouse. According to CoreLogic's data, 643 properties were sold in the past 12 months in Melbourne.

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